EthiFinance: Empowering Sustainable Finance. We are thrilled to announce that EthiFinance has officially notified the European Securities and Markets Authority (ESMA) pursuant to Articles 69 and 70 of the European Green Bond Regulation. This milestone enables us to provide services as EU Green Bond External Reviewers during the transitional period. The European Green Bond Standard (EU GBS) is a voluntary framework designed to enhance the transparency and credibility of green bonds. It aims to support the transition to a sustainable economy by ensuring that funds raised are allocated to projects that align with the EU taxonomy for environmentally sustainable activities. At EthiFinance, we are committed to fostering sustainable finance and contributing to the EU's climate goals. Our role as an EU Green Bond External Reviewer will involve rigorous assessment and verification of EU Green Bond issuances, ensuring they meet the highest standards of environmental integrity. Connect with our team to support your sustainable finance initiatives. Julia Haake, Jill Kuo, Lotta Marchal, CFA, Maria Cristina Romero Download our methodology - https://lnkd.in/dMMcasxe #EthiFinance #SustainableFinance #EUGreenBondStandard #ESMA #EU
À propos
Crée en 2004, EthiFinance est un groupe européen de notation, de recherche et de conseil innovant, au service de la finance durable. Le groupe apporte des solutions aux investisseurs, aux entreprises et aux organisations pour répondre aux enjeux de financement ainsi qu’aux transformations environnementales et sociétales. EthiFinance Ratings est une agence de notation de crédit accréditée auprès de l’ESMA.
- Site web
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https://www.ethifinance.com/
Lien externe pour EthiFinance
- Secteur
- Services financiers
- Taille de l’entreprise
- 51-200 employés
- Siège social
- Paris, Île-de-France
- Type
- Société civile/Société commerciale/Autres types de sociétés
- Domaines
- ISR, RSE, Développement Durable, évaluation extra-financière, Evaluation RSE des entreprises et des collectivités, ESG, CRA, High Yield, Sustainable Finance, ESG Rating et Credit Rating
Lieux
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Principal
11, avenue Delcassé
75009 Paris, Île-de-France, FR
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20, boulevard Eugène Deruelle
69003 Lyon, FR
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Calle Velázquez nº18
3º dcha.
28001 Madrid, ES
Employés chez EthiFinance
Nouvelles
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𝗘𝗫𝗣𝗘𝗥𝗧𝗜𝗦𝗘 | 𝗛𝗼𝘄 𝘄𝗲𝗹𝗹 𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝘁𝗵𝗲𝗶𝗿 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻? As climate risks intensify and regulations evolve, investors are under growing pressure to move beyond ambition and evaluate credibility. At EthiFinance, we believe a strong climate strategy isn’t just a regulatory checkbox - it’s a strategic differentiator. That is why we created the 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁, an independent and expert review of how effectively corporate climate plans align with global benchmarks. 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝘁𝗵𝗲 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 𝗱𝗲𝗹𝗶𝘃𝗲𝗿? • Evaluation of ambition • Verification of credibility • Alignment with key frameworks: CSRD, TCFD, SBTi, GFANZ, and more With nearly 2,900 companies already assessed, our CTA methodology is designed to support investors in: 1. Spotting climate leaders and laggards 2. Driving informed engagement 3. Strengthening ESG strategy 4️. Future-proofing portfolios Ready to evaluate your portfolio’s climate transition readiness? 👉 Learn more: https://lnkd.in/emQj4QvY #EthiFinance #ClimateTransition #ESGInvesting #SustainableFinance #TCFD #ESGInsights
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𝗪𝗘𝗕𝗜𝗡𝗔𝗥 | 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻 𝗜𝗯𝗲𝗿𝗶𝗮: 𝗘𝘁𝗵𝗶𝗙𝗶𝗻𝗮𝗻𝗰𝗲’𝘀 𝟮𝟬𝟮𝟰 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗼𝗳 𝗦𝗺𝗮𝗹𝗹 𝗮𝗻𝗱 𝗠𝗶𝗱𝗰𝗮𝗽 𝗦𝘁𝘂𝗱𝘆 How are small and mid-sized companies in Europe accelerating their sustainability efforts? 📅 Join us on 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟭𝟲 𝗮𝘁 𝟭𝟬:𝟯𝟬 𝗮.𝗺. 𝗖𝗘𝗧 for the exclusive presentation of EthiFinance’s 𝟮𝟬𝟮𝟰 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗼𝗳 𝗦𝗺𝗮𝗹𝗹 𝗮𝗻𝗱 𝗠𝗶𝗱𝗰𝗮𝗽 𝗦𝘁𝘂𝗱𝘆, with a special focus on 𝗜𝗯𝗲𝗿𝗶𝗮𝗻 𝗺𝗮𝗿𝗸𝗲𝘁𝘀. Discover key findings, benchmark trends, and actionable insights to navigate the evolving ESG landscape. Based on ESG ratings of nearly 2,000 small and mid-sized European companies, this year’s report highlights: • A continued rise in ESG scores, especially in environmental performance • Stronger results among companies engaging in voluntary ESG rating review • Sector and regional leaders, and laggards, in sustainability • Key ESG controversies shaping reputational risk in 2024 • Strengths and opportunities for improvement at the sectoral level for Spanish and Portuguese companies. Whether you are an investor, sustainability professional, or corporate leader, this webinar offers valuable insights to benchmark your ESG strategy and prioritize your next steps to enhance your sustainability performance. Our speakers: • Michelle A.nderson Villagomez, ESG Analyst • Laura Isabella Brunke, Senior ESG Analyst • Moderator: Maria Cristina Romero, Head of Sustainable Finance Spain & Portugal 👉 Register now to join the conversation: https://lnkd.in/dsskpfFt 🔎 Read our study: https://lnkd.in/ez4cpxgc #EthiFinance #ESGRatings #ESG #Sustainability #SMEs #SustainableFinance
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𝗘𝗫𝗣𝗘𝗥𝗧𝗜𝗦𝗘 | 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗿𝗶𝘀𝗸: 𝗥𝗲𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗿𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗶𝗻 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 As climate-related risks intensify - from physical hazards like floods, heatwaves, and sea-level rise, to transition risks driven by carbon pricing, regulation, and shifting market standards - the real estate sector faces 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗽𝗿𝗲𝘀𝘀𝘂𝗿𝗲 𝘁𝗼 𝗮𝗱𝗮𝗽𝘁. At EthiFinance, we believe 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝘀𝘁𝗿𝗲𝘀𝘀 𝘁𝗲𝘀𝘁𝗶𝗻𝗴 is no longer optional. It's a strategic exercise that enables investors and asset managers to turn systemic risks into opportunities for long-term value creation. 𝗪𝗵𝘆 𝘀𝘁𝗿𝗲𝘀𝘀 𝘁𝗲𝘀𝘁 𝘆𝗼𝘂𝗿 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼? A well-executed climate stress test can help you: • Anticipate and map exposure to physical risks in the short, medium, and long term. • Quantify potential impacts on asset value, profitability, and occupancy rates. • Prioritize investments in resilience and renovation. • Align with key regulatory frameworks (SFDR, CSRD, EU Taxonomy, ECB stress testing). • Strengthen financial institutions engagement with transparent, forward-looking climate strategies. • Support your strategic planning in uncertain climate future, enabling you to build climate resilience. 𝗢𝘂𝗿 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝗰𝗼𝗺𝗯𝗶𝗻𝗲𝘀: • The most appropriate assessments and recommendations for the quality, scenario-based and geolocated data inputs • A dual top-down & bottom-up methodology to capture both systemic and asset-specific risks. • End-to-end support: from model design to interpreting and applying results. • Deep expertise at the intersection of credit, ESG, and climate modelling. 𝗢𝘂𝗿 𝗴𝗼𝗮𝗹? Helping you turn climate vulnerability into resilient value. 👉 Learn more about how we support climate resilience in real estate: https://lnkd.in/ePGeYtEG Mélissa Hulin | Julia Bres #EthiFinance #ClimateRisk #RealEstate #SustainableFinance #RiskManagement
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𝗠𝗔𝗥𝗞𝗘𝗧 𝗜𝗡𝗦𝗜𝗚𝗛𝗧 | 𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗗𝗶𝗮𝗴𝗻𝗼𝘀𝘁𝗶𝗰𝘀 𝗟𝗮𝗯𝘀 𝗣𝗼𝘀𝘁-𝗖𝗼𝘃𝗶𝗱: 𝗔𝗱𝗷𝘂𝘀𝘁𝗶𝗻𝗴 𝘁𝗼 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗥𝗲𝗮𝗹𝗶𝘁𝘆 The European medical laboratories sector is undergoing a major reset after the extraordinary gains of the Covid period. As several major players face rising leverage and refinancing pressure, market dynamics are shifting, and smart capital structure management is now more critical than ever. Looking ahead, Spread Research by EthiFinance anticipates a more constructive short-term outlook for the sector. The 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 𝗳𝗿𝗲𝗲𝘇𝗲 𝗮𝗴𝗿𝗲𝗲𝗱 𝗳𝗼𝗿 𝟮𝟬𝟮𝟱–𝟮𝟬𝟮𝟲 offers a window of stability, allowing medical laboratories to strengthen margins. According to our analysis, companies that implement effective 𝗰𝗼𝘀𝘁-𝘀𝗮𝘃𝗶𝗻𝗴 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗽𝘂𝗿𝘀𝘂𝗲 𝗱𝗶𝘀𝗰𝗶𝗽𝗹𝗶𝗻𝗲𝗱 𝗼𝗿𝗴𝗮𝗻𝗶𝗰 𝗴𝗿𝗼𝘄𝘁𝗵 could realistically regain 𝗽𝗿𝗲-𝗖𝗼𝘃𝗶𝗱 𝗘𝗕𝗜𝗧𝗗𝗔 𝗹𝗲𝘃𝗲𝗹𝘀. At EthiFinance, we continue to monitor debt market dynamics, policy shifts, and issuer fundamentals to provide independent, forward-looking credit insights. 📩 To learn more about our Credit Research offering: https://lnkd.in/gQTqZrpZ 👉 Read the full article: https://lnkd.in/edVfWG_C Benjamin Sabahi | Rémi Ramadou, CFA #EthiFinance #SpreadResearch #CreditMarkets #HealthcareSector #HighYield #MedicalLabs #LeverageRisk
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𝗧𝗔𝗞𝗘𝗔𝗪𝗔𝗬𝗦 | 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻𝘀: 𝘄𝗵𝗮𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘁𝗼𝗼𝗹𝘀 𝗳𝗼𝗿 𝗰𝗼𝗻𝗰𝗿𝗲𝘁𝗲 𝗮𝗰𝘁𝗶𝗼𝗻𝘀? ESG is not just about compliance, it's a key driver of strategic decision-making. Taking a broader ESG approach helps companies to better anticipate and manage a wide range of risks, including physical and climate risks, which still remain under considered. At the “Accelerating transitions: what financial tools for concrete actions?” roundtable hosted by TP ICAP, our CEO Carol Sirou emphasized the importance of integrating these risks into financial analysis. Whether viewed through an ESG or credit risk lens, climate and physical risks must be considered as part of any robust risk assessment. At EthiFinance, we integrate physical climate risks into our methodologies - particularly in Project Finance - where these risks are fully embedded in the rating evaluation. We assess exposure to natural hazards and extreme weather events as part of our evaluation of a project's operational and performance risks. In addition, we have developed two new actionable tools to address the need for a third-party independent opinion of climate transition plans: • 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗔𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁 (𝗳𝗼𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀): A standardized tool to evaluate listed companies' preparedness for the transition. • 𝗦𝗼𝗹𝗶𝗰𝗶𝘁𝗲𝗱 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗥𝗮𝘁𝗶𝗻𝗴 (𝗳𝗼𝗿 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀): A tailored, in-depth analysis to benchmark climate strategies and identify areas for improvement. At EthiFinance, we build on our combined sustainability and financial expertise and respond to the needs of stakeholders and point to emerging trends such as climate challenges. Learn more about: 👉 Our products: https://lnkd.in/dGCV8yHN 👉 Our methodologies: https://lnkd.in/enp6APGR #EthiFinance #ESGRatings #SustainableFinance #UnsolicitedRatings #ESRS #PrivateEquity #TransitionPlans
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𝗜𝗡𝗦𝗜𝗚𝗛𝗧 | 𝗦𝗽𝗮𝗻𝗶𝘀𝗵 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗕𝗼𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗙𝗮𝗰𝗲𝘀 𝘁𝗵𝗲 𝗘𝗨 𝗚𝗿𝗲𝗲𝗻 𝗕𝗼𝗻𝗱 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 In June, EthiFinance had the pleasure of co-hosting the 𝗜𝗦𝗥 𝗖𝗼𝗹𝗹𝗼𝗾𝘂𝗶𝘂𝗺 𝘄𝗶𝘁𝗵 Spainsif, bringing together leading voices from across the Spanish sustainable finance ecosystem to discuss a key topic: 𝗛𝗼𝘄 𝗶𝘀 𝘁𝗵𝗲 𝗦𝗽𝗮𝗻𝗶𝘀𝗵 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗿𝗲𝗽𝗮𝗿𝗶𝗻𝗴 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗘𝗨 𝗚𝗿𝗲𝗲𝗻 𝗕𝗼𝗻𝗱 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 (𝗘𝗨 𝗚𝗕𝗦)? The discussion took place at a pivotal moment, following key regulatory milestones: • The first official list of EU GBS external reviewers published by ESMA, • The 8.1% green bond allocation by @BancodeEspaña, • Ongoing preparation by public and private issuers for a framework that - though voluntary - raises the bar on transparency, governance, and alignment with the EU Taxonomy. 🔍 𝗞𝗲𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝘀𝗲𝘀𝘀𝗶𝗼𝗻: 1. The EU GBS has the potential to drive regulatory and operational convergence in sustainable finance, but only if regulators ensure its 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝘂𝘀𝗮𝗯𝗶𝗹𝗶𝘁𝘆. 2. For mid-sized issuers or those with limited technical capacity, support mechanisms will be essential to overcome complexity and enable fair market access. 3. 𝗗𝗶𝗮𝗹𝗼𝗴𝘂𝗲 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝗽𝘂𝗯𝗹𝗶𝗰 𝗮𝗻𝗱 𝗽𝗿𝗶𝘃𝗮𝘁𝗲 𝘀𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀 𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹, as is technical guidance, training, and practical tools from national authorities. 4. The “𝗗𝗼 𝗡𝗼 𝗦𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗛𝗮𝗿𝗺” principle and taxonomy alignment remain challenging yet critical for credibility and impact. 5. The coexistence of 𝗘𝗨 𝗚𝗕𝗦 𝘄𝗶𝘁𝗵 𝗼𝘁𝗵𝗲𝗿 𝗴𝗹𝗼𝗯𝗮𝗹 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸𝘀 (ICMA, CBI) was highlighted as key to maintaining flexibility and global interoperability. The EU GBS may become a global benchmark, if it balances rigor with accessibility. At EthiFinance, we are committed to supporting issuers and investors across Europe in navigating this evolving regulatory landscape with clarity and confidence. Thank you to all participants: Pablo Esteban Sánchez, Julián Romero, bertrand rocher, Gonzalo Gómez Retuerto, Antonio Ortiz, José Luis Blasco, Ana Otalvaro, CFA, Laura Fernandez Cavas, Rodrigo Robledo, Daniel Peña Jareño, Ana Heredia Salis, Gabriel Deniz Marrero, Ana G. Special thanks to our own Maria Cristina Romero and Antonio Madera del Pozo, Phd, for contributing to this forward-looking and highly practical discussion! 👉 To read the article about this event in detail: - In Spanish: https://lnkd.in/dkD6CPZw - In English: https://lnkd.in/dbFdFzxx #EthiFinance #SustainableFinance #EUGBS #Taxonomy #ISR
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𝗧𝗔𝗞𝗘𝗔𝗪𝗔𝗬𝗦 | 𝗥𝗲𝗳𝗹𝗲𝗰𝘁𝗶𝗻𝗴 𝗼𝗻 𝘁𝗵𝗲 𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗮𝘁 𝗖𝗥𝗜𝗖’𝘀 𝗝𝘂𝗯𝗶𝗹𝗲𝗲 EthiFinance was proud to take part in the 25th anniversary Jubilee of cric – Verein zur Förderung von Ethik und Nachhaltigkeit bei der Geldanlage e.V. (Corporate Responsibility Interface Center), celebrating a quarter-century of leadership in ethical and sustainable investment. This milestone event brought together many 𝗽𝗶𝗼𝗻𝗲𝗲𝗿𝘀 𝗶𝗻 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗚𝗲𝗿𝗺𝗮𝗻-𝘀𝗽𝗲𝗮𝗸𝗶𝗻𝗴 𝗿𝗲𝗴𝗶𝗼𝗻, offering a high-level platform for strategic dialogue at a pivotal moment for the industry. As sustainable finance comes under growing pressure from multiple directions, the opportunity to exchange with long-standing and like-minded peers proved both timely and meaningful. 𝗞𝗲𝘆 𝘁𝗵𝗲𝗺𝗲𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗱𝗶𝘀𝗰𝘂𝘀𝘀𝗶𝗼𝗻: • 𝗙𝗿𝗼𝗺 𝗻𝗶𝗰𝗵𝗲 𝘁𝗼 𝗻𝗼𝗿𝗺: Sustainable finance has become a core component of financial markets, yet aligning capital flows with real-world impact remains a key challenge. • 𝗕𝗲𝘆𝗼𝗻𝗱 𝗘𝗦𝗚 𝗿𝗮𝘁𝗶𝗻𝗴𝘀: There is a growing consensus on the need to move past compliance-driven approaches toward deeper integration of social and environmental considerations. • 𝗙𝘂𝘁𝘂𝗿𝗲 𝗹𝗶𝘁𝗲𝗿𝗮𝗰𝘆: Investors must strengthen forward-looking thinking to better navigate systemic risks and long-term transitions. • 𝗩𝗮𝗹𝘂𝗲𝘀-𝗯𝗮𝘀𝗲𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 Ethical principles continue to play a critical role in shaping responsible investment strategies. We look forward to continued engagement with this influential network and to contributing to the advancement of sustainable finance in the region. Axel Wilhelm | Oliver Schulz 👉 Learn more about our activities: https://lnkd.in/gximtXCf #EthiFinance #SustainableFinance #ResponsibleInvestment #ImpactInvesting #EthicalFinance #CapitalMarkets #FinanceWithPurpose
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𝗠𝗔𝗥𝗞𝗘𝗧 𝗜𝗡𝗦𝗜𝗚𝗛𝗧 | 𝗘𝘂𝗿𝗼 𝗛𝗶𝗴𝗵 𝗬𝗶𝗲𝗹𝗱 𝗵𝗼𝗹𝗱𝘀 𝘀𝘁𝗿𝗼𝗻𝗴 𝗮𝗺𝗶𝗱 𝗿𝗲𝗰𝗼𝗿𝗱 𝗶𝘀𝘀𝘂𝗮𝗻𝗰𝗲 Despite six intense weeks of high yield and loan issuance, the market continues to show resilience, with only minor signs of fatigue. According to Benjamin Sabahi, Head of Credit Research at 𝗦𝗽𝗿𝗲𝗮𝗱 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗯𝘆 EthiFinance, Euro High Yield spreads tightened by 7bps to 𝟯𝟵𝟬𝗯𝗽𝘀, referencing the iBoxx EUR High Yield index. Meanwhile, the 𝗶𝗧𝗿𝗮𝘅𝘅 𝗖𝗿𝗼𝘀𝘀𝗼𝘃𝗲𝗿 𝗳𝗲𝗹𝗹 𝗯𝗲𝗹𝗼𝘄 𝟮𝟴𝟬𝗯𝗽𝘀, reflecting ongoing strength in High Yield technicals. Investors continue to absorb record levels of issuance without disruption in secondary pricing. Spread Research also recorded €𝟮𝟯𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻𝘀 𝗼𝗳 𝗶𝗻𝗳𝗹𝗼𝘄𝘀 into Euro High Yield funds and ETFs this week, driven by especially strong ETF flows. As primary activity remains elevated and secondary markets take a back seat, we may see sentiment shift once the issuance wave calms. Until then, robust inflows and stable cash positions continue to support performance. 👉 For in-depth, independent credit analysis, explore our coverage: https://lnkd.in/gQTqZrpZ #EthiFinance #SpreadResearch #CreditMarkets #HighYield #FixedIncome #InvestmentInsights #EuroHY #BondMarket
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𝗜𝗡𝗦𝗜𝗚𝗛𝗧𝗦 | 𝗞𝗲𝘆 𝗘𝗦𝗚 t𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗕𝗩𝗜’𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 Last week, EthiFinance attended the "BVI Nachhaltigkeitskonferenz" organised by BVI German Investment Funds Association, a key industry event in Germany, with Oliver Schulz, Sales Director DACH, representing the team. 𝗢𝘂𝗿 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆? Despite fiscal pressure and political uncertainty, Germany remains a key market for sustainable investment. But several obstacles continue to shape investor sentiment: • Investors are more cautious, waiting for 𝗴𝗿𝗲𝗮𝘁𝗲𝗿 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗰𝗹𝗮𝗿𝗶𝘁𝘆 and consistent policymaking. • 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 ����𝗹𝗼𝘄𝘀 continue but have slowed amid political gridlock. • 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 from asset managers is no longer optional: "Be clear in what you are doing" was a recurring theme. • 𝗘𝗦𝗚 𝗮𝗻𝗱 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 remain high on the agenda, yet major risks are still underestimated. • 𝗖𝗦𝗥𝗗 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 is underway, but many players struggle with ambiguity and regulatory complexity. • The industry is calling for a 𝗽𝗿𝗮𝗴𝗺𝗮𝘁𝗶𝗰 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻: less perfectionism, more usability. At EthiFinance, we’re committed to helping investors navigate complexity with trusted data, independent ratings, and regulatory expertise every step of the way. 👉 Learn more about our work: https://lnkd.in/gtv-H53K #EthiFinance #ESGInsights #SustainableFinance #Regulation #Germany #CSRD #Transparency #InvestorConfidence
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